UK:
PRA Revises Its Approach To Banking Supervision
07 July 2014
Shearman & Sterling LLP
To print this article, all you need is to be registered or login on Mondaq.com.
On 19 June 2014, the Prudential Regulation Authority
("PRA") published a revised version of its Approach to
Banking Supervision. The PRA published the first version in April
2013 when it began to prudentially regulate banks and certain
investment firms. The revised version incorporates new rules,
objectives and approach of the PRA, including its Fundamental Rules
(which replace the Principles of Business), the resolvability
regime, powers to address failings in culture and amendments to the
liquidity assets requirements.
The document is available at:
http://www.bankofengland.co.uk/publications/Documents/praapproach/bankingap
pr1406.pdf.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from UK
FCA's Consultation Paper
Cadwalader, Wickersham & Taft LLP
Since 3 January 2018, firms that provide portfolio management or investment advice on an independent basis must pay for the research they obtain...
Regulation Round Up
Proskauer Rose LLP
Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.
FCA To Permit Research Bundling
Akin Gump Strauss Hauer & Feld LLP
The Financial Conduct Authority (FCA) is seeking views on proposed rules that would allow asset managers to opt for bundled payments for third-party investment research, reversing a significant aspect of the UK's implementation of research rules under the Markets in Financial Instruments Directive (MiFID II).